No - no replacement for Alfred.
No - no replacement for Quicksilver.
No - no replacement for LaunchBar at all.
It's just a very simple app for quick (very quick!) launching your applications - nothing more!
It's no calculator, no clipboard manager and of course no toaster and coffeemaker.
It fits my needs - thats all :-)
All I want is to launch Apps as fast as possible. Period.
And hopefully it will fit your needs, too…